Business, Legal & Accounting Glossary
The principle that the purpose of litigation for the Claimant is to achieve compensation, not to make a profit at the expense of the defendant. The claimant should recover what is necessary to effect restitution and not a penny more. For centuries it has been held that this principle is violated by Contingency fee arrangements, but the restrictions on such arrangements have been relaxed somewhat in the last decade.
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This glossary post was last updated: 6th April, 2020 | 1 Views.